Evercore ISI Boosts COPT Defense Properties (NYSE:CDP) Price Target to $33.00

COPT Defense Properties (NYSE:CDP) had its price objective boosted by Evercore ISI from $28.00 to $33.00 in a research note published on Wednesday, Benzinga reports. They currently have an outperform rating on the stock.

Separately, Wedbush reiterated an outperform rating and issued a $28.00 price target (up from $27.00) on shares of COPT Defense Properties in a research note on Monday, April 29th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of $27.71.

COPT Defense Properties Trading Down 0.1 %

CDP opened at $28.90 on Wednesday. The stock has a market capitalization of $3.26 billion, a P/E ratio of -26.76, a P/E/G ratio of 2.77 and a beta of 0.98. COPT Defense Properties has a 12 month low of $22.20 and a 12 month high of $29.41. The firm’s fifty day simple moving average is $25.63 and its 200 day simple moving average is $24.56. The company has a current ratio of 3.17, a quick ratio of 3.66 and a debt-to-equity ratio of 1.56.

COPT Defense Properties (NYSE:CDP) last issued its quarterly earnings results on Monday, July 29th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.33). COPT Defense Properties had a negative net margin of 15.75% and a negative return on equity of 7.52%. The business had revenue of $187.34 million during the quarter, compared to analyst estimates of $166.11 million. During the same quarter in the previous year, the firm posted $0.60 earnings per share. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. As a group, research analysts anticipate that COPT Defense Properties will post 2.55 EPS for the current fiscal year.

COPT Defense Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 17th. Investors of record on Friday, June 28th were paid a $0.295 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $1.18 dividend on an annualized basis and a yield of 4.08%. COPT Defense Properties’s dividend payout ratio (DPR) is currently -109.26%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. acquired a new position in COPT Defense Properties in the 1st quarter valued at about $407,496,000. Earnest Partners LLC acquired a new position in COPT Defense Properties in the 1st quarter valued at about $129,344,000. Westwood Holdings Group Inc. acquired a new position in COPT Defense Properties in the 1st quarter valued at about $90,045,000. Sei Investments Co. acquired a new position in COPT Defense Properties in the 1st quarter valued at about $43,731,000. Finally, Principal Financial Group Inc. boosted its holdings in COPT Defense Properties by 179.5% in the 2nd quarter. Principal Financial Group Inc. now owns 1,190,853 shares of the company’s stock valued at $29,807,000 after purchasing an additional 764,859 shares during the period.

COPT Defense Properties Company Profile

COPT Defense, an S&P MidCap 400 Company, is a self-managed REIT focused on owning, operating and developing properties in locations proximate to, or sometimes containing, key U.S. Government (USG) defense installations and missions (referred to as its Defense/IT Portfolio). The Company's tenants include the USG and their defense contractors, who are primarily engaged in priority national security activities, and who generally require mission-critical and high security property enhancements.